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v3.21.2

Condensed Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020
Gain (loss) on trading of commodity futures contracts: |  |  |  |  |
Realized gain (loss) on closed commodity futures contracts |  | $ 10,226,120 | $ 4,940,930 | $ 147,368,380 | $ 63,479,920
Change in unrealized gain (loss) on open commodity futures contracts |  | 7,255,710 | (5,385,770) | 11,268,830 | (7,628,810)
Dividend income |  | 12,363 | 68,536 | 36,249 | 252,241
Interest income | [1] | 14,367 | 31,647 | 46,861 | 378,435
ETF transaction fees |  | 6,650 | 9,100 | 24,850 | 40,971
Total Income (Loss) |  | 17,515,210 | (335,557) | 158,745,170 | 56,522,757
Expenses |  |  |  |  |
General Partner management fees (Note 3) |  | 519,919 | 758,726 | 1,788,671 | 1,514,261
Professional fees |  | 81,762 | 113,298 | 337,719 | 197,177
Brokerage commissions |  | 60,407 | 161,652 | 227,185 | 413,504
Directors' fees and insurance |  | 22,023 | 8,235 | 53,382 | 20,525
Registration fees |  | 65,320 | 87,470 | 193,830 | 168,970
Total Expenses |  | 749,431 | 1,129,381 | 2,600,787 | 2,314,437
Expense waiver (Note 3) |  | 0 | (220,529) | (202,151) | (497,324)
Net Expenses |  | 749,431 | 908,852 | 2,398,636 | 1,817,113
Net Income (Loss) |  | $ 16,765,779 | $ (1,244,409) | $ 156,346,534 | $ 54,705,644
Net Income (Loss) per limited partner share |  | $ 1.42 | $ (0.07) | $ 7.75 | $ (10.21)
Net Income (Loss) per weighted average limited partner share |  | $ 1.16 | $ (0.03) | $ 8.29 | $ 2.13
Weighted average limited partner shares outstanding |  | 14,452,174 | 35,792,391 | 18,848,901 | 25,678,832
[1] | Interest income does not exceed paid in kind of 5%.

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